{"id":38135,"date":"2026-06-19T09:43:11","date_gmt":"2026-06-19T09:43:11","guid":{"rendered":"https:\/\/www.europesays.com\/france\/38135\/"},"modified":"2026-06-19T09:43:11","modified_gmt":"2026-06-19T09:43:11","slug":"one-of-the-worlds-richest-persons-and-louis-vuitton-ceo-bernard-arnault-on-elon-musk-becoming-first-ever-trillionaire-people-talk-about-wealth-but","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/france\/38135\/","title":{"rendered":"One of the world\u2019s richest persons and Louis Vuitton CEO Bernard Arnault on Elon Musk becoming first-ever trillionaire: ‘People talk about wealth, but …’"},"content":{"rendered":"

\"One Elon Musk became the world\u2019s first trillionaire following the historic public listing of SpaceX<\/a>, pushing the rocket company\u2019s valuation past $2 trillion. Now, fellow billionaire and CEO of Mo\u00ebt Hennessy and Louis Vuitton (LVMH), Bernard Arnault, has shared his perspective on the milestone. In a short clip shared over social media platform X, Louis Vuitton chief can be seen agreeing to the fact that Musk had completely \u201ccrushed the competition\u201d with his newly minted $1.27 trillion fortune but offered a grounded view on modern tech wealth.\u201cThat is the value of company, People talk about wealth, but it’s actually the value of the stocks,\u201d the luxury goods tycoon said, adding, \u201cIt’s not money he has in his bank account to spend. That is the value of the company.\u201dWhen the reporter pressed further on Musk \u2018crushing the competition\u2019, Arnault smirked and conceded, \u201cCompetition in the rocket industry, that\u2019s for sure.\u201d<\/p>\n

SpaceX IPO makes Elon Musk world\u2019s first trillionnaire <\/p>\n

The sudden surge in Musk\u2019s net worth follows SpaceX\u2019s blockbuster IPO. His net worth rose by $188 billion to an estimated $982 billion on Thursday (June 11) evening, when SpaceX priced the IPO at $135 per share. According to Forbes, the SpaceX chairman, CEO and chief technical officer owns 4.8 billion shares of SpaceX, worth $715 billion and has another 350 million stock options worth $50 billion, giving him a 38% stake in the company.Musk used his post-IPO address to emphasise that the listing is a stepping stone toward a much grander, sci-fi-inspired vision for human civilization. Musk drew a sharp line between SpaceX and traditional aerospace contractors, boldly claiming his competitors \u201clacked ambition.\u201d\u201cWhile the other aerospace companies built good rockets and everything, they were simply not pursuing the technology that\u2019s necessary to make life multi-planetary. To make Star Trek, to make the exciting science fiction futures that we’ve read about,\u201d Musk told a crowd of investors and supporters.Musk also promised that space travel will eventually be accessible to regular citizens rather than being restricted to elite, government-trained astronauts. \u201cThat’s what SpaceX is all about\u2014to take the fiction out of \u2018Science Fiction\u2019 and create an exciting, inspiring future for everyone. We want to be able to take anyone who wants to go to the Moon. Anyone who wants to go to Mars or anywhere in the solar system and maybe beyond,\u201d Musk stated.<\/p>\n","protected":false},"excerpt":{"rendered":"Elon Musk became the world\u2019s first trillionaire following the historic public listing of SpaceX, pushing the rocket company\u2019s…\n","protected":false},"author":2,"featured_media":38136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12704],"tags":[26558,26556,2773,26561,4955,26560,26557,6316,24351,26559],"class_list":["post-38135","post","type-post","status-publish","format-standard","has-post-thumbnail","category-louis-vuitton","tag-bernard-arnault-response","tag-elon-musk-trillionaire","tag-louis-vuitton","tag-louis-vuitton-ceo-commentary","tag-lvmh","tag-modern-tech-wealth","tag-musk-net-worth","tag-spacex","tag-spacex-ipo","tag-spacex-valuation"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/38135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/comments?post=38135"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/posts\/38135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media\/38136"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/media?parent=38135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/categories?post=38135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/france\/wp-json\/wp\/v2\/tags?post=38135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}